Obbligazioni valute high yield CRISI RUSSIA/UCRAINA discussioni, notizie e operatività

[qquebec]

Momento di entrare?

Assolutamente no

 

[camaleonte]

Putin: iniziare negoziati unione valutaria Mosca-Astana-Misnk


https://it.finance.yahoo.com/notizi...e-valutaria-mosca-astana-misnk-135317375.html

 

[drbs315]

Ieri salutate le Veb CH0123431709 a 97,2. Tengo al momento le Gazprom (usd e chf), qualche lotto di Russia 28 usd e le Vtb t2 chf 110 in modica quantità.
A questi prezzi però non incremento

 

[qquebec]

Avanti che c'è posto "CityCommerce Bank and VAB Bank to go into liquidation"

 

[qquebec]

Ukraine’s debt: don’t write it off just yet

The IMF made obvious mistakes in previous crisis countries such as Argentina and Greece, where debt restructurings were delayed until the situation had gone critical. This experience suggests a rapid early reduction in net present value, including a cut in face value if necessary, to tip debt dynamics towards stability

Gabriel Sterne at Oxford Economics, one of the most trenchant critics of the IMF’s failure to press for an early writedown of debt in Greece, argues that the best route for Ukraine now is a three-year moratorium on all principal and interest payments. By the end of that, the Fund should have a much better idea of how much money Ukraine has to pay its bondholders.

http://blogs.ft.com/beyond-brics/2015/03/19/ukraines-debt-dont-write-it-off-just-yet/

 

[tommy271]

The IMF made obvious mistakes in previous crisis countries such as Argentina and Greece, where debt restructurings were delayed until the situation had gone critical. This experience suggests a rapid early reduction in net present value, including a cut in face value if necessary, to tip debt dynamics towards stability

Gabriel Sterne at Oxford Economics, one of the most trenchant critics of the IMF’s failure to press for an early writedown of debt in Greece, argues that the best route for Ukraine now is a three-year moratorium on all principal and interest payments. By the end of that, the Fund should have a much better idea of how much money Ukraine has to pay its bondholders.

http://blogs.ft.com/beyond-brics/2015/03/19/ukraines-debt-dont-write-it-off-just-yet/

Relativamente prevedibile, ma non penso ad una moratoria ... se poi anche la Russia si tira fuori ... l'haircut andrà tutto a riversarsi sui bond ucraini meno protetti (strategicamente).

 

[qquebec]

Aside from a $17.5 billion loan from the IMF, the bailout envisages $15.3 billion to be raised by restructuring debt.

Ukraine has set itself a June deadline to have a restructuring deal in place but this could prove tricky if investors indeed balk at accepting a writedown, a danger the IMF had highlighted in a report a day after it released the loan.

Franklin Templeton holds around $6.5 billion of Ukraine's bonds or well over a third of Ukraine's Eurobonds, while PIMCO, Blackrock, Fidelity and Stone Harbor are also among bondholders. Significantly, Russia holds another $3 billion worth of the bonds and has already said it will not restructure.

Ukraine, like Greece a few years ago, is being represented at its debt talks by Lazard, and has also hired White & Case to act for it. Yaresko is due to travel to Europe and the United States in coming weeks to hold talks with bondholders

 

[qquebec]

Ukraine owes a total of some $40bn to external creditors but only private investors, which own some 20% of the total, are being asked to take the haircut. The World Bank and IMF are owed $12bn and Russia another $3bn, but are not included in the finance ministry plan to cut the size of the debt.

http://www.bne.eu/content/story/ukraines-debt-restructuring-gets-messy

 

[qquebec]

Jaresko told debt holders the bailout package is sufficient to stabilize Ukraine, but it will not be enough to help it grow and rebuild its economy. The receipt of the first tranche of the IMF loan doubled its reserves to roughly $10 billion, she said. Ukraine has asked all of its creditors to participate in a restructuring, including Russia, which holds about $3 billion of its debt, Jaresko said. The country does not have the option of paying off Russia ahead of other investors because its capital reserves remain low, she added. Ukraine has not had any backchannel discussions with Russia regarding repayments, she said.

 

[qquebec]

The Wall Street Journal

NEWSWATCH: Ukraine Finance Minister Seeks More Bailout Financing; Natalie Jaresko says security, political risks could push up debt-restructuring needs | Johnson's Russia List